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Lumax Industries Overview

Lumax Industries Ltd manufactures, trades in, and auto components for two and three wheelers, four wheelers, commercial cars, and tractors/farm system in India and the world over. The organization offers automotive lamps, including head and back lights, LED lamps, and sundry and other auxiliary lamps. It serves automotive original equipment manufacturer. The company was founded in 1945 and is based in Gurugram, India.

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Lumax Industries Key Financials

Market Cap ₹5208 Cr.

Stock P/E 37.2

P/B 6.2

Current Price ₹5571.6

Book Value ₹ 905.3

Face Value 10

52W High ₹6969.9

Dividend Yield 0.63%

52W Low ₹ 2278.3

Lumax Industries Share Price

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Volume
Price

Lumax Industries Quarterly Price

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Lumax Industries Peer Comparison

Lumax Industries Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 644 632 743 766 812 887 923 923 1009 1053
Other Income 2 2 5 12 3 1 6 3 2 1
Total Income 646 633 748 778 814 888 929 925 1011 1054
Total Expenditure 589 573 677 708 752 817 844 841 920 942
Operating Profit 57 60 71 70 62 71 85 85 91 112
Interest 11 13 15 16 19 19 18 18 19 19
Depreciation 21 24 27 26 26 27 33 32 37 38
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 -16
Profit Before Tax 25 23 30 27 17 25 34 35 35 39
Provision for Tax 12 10 16 12 8 8 9 12 11 8
Profit After Tax 13 14 14 15 8 16 25 23 24 31
Adjustments 13 12 22 19 20 17 19 14 12 16
Profit After Adjustments 26 26 36 34 28 33 44 36 36 47
Adjusted Earnings Per Share 28.1 27.4 38.6 36.6 30.3 35.8 47 38.7 38.1 49.8

Lumax Industries Profit & Loss

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 1255 1271 1649 1851 1602 1426 1751 2320 2637 3400 3908
Other Income 4 6 5 12 7 25 13 15 11 9 12
Total Income 1259 1277 1655 1863 1609 1451 1765 2334 2648 3410 3919
Total Expenditure 1167 1170 1515 1698 1443 1326 1616 2112 2405 3120 3547
Operating Profit 92 107 140 165 166 125 149 223 243 289 373
Interest 13 11 8 16 23 29 22 30 49 73 74
Depreciation 38 41 48 60 64 65 64 80 93 113 140
Exceptional Income / Expenses 0 0 0 36 0 0 -17 -5 0 0 -16
Profit Before Tax 41 65 98 134 92 33 53 149 159 178 143
Provision for Tax 4 10 26 30 20 15 12 46 48 38 40
Profit After Tax 37 54 71 104 72 18 41 103 111 140 103
Adjustments 15 0 0 0 0 0 0 0 0 0 61
Profit After Adjustments 52 54 71 104 72 18 41 103 111 140 163
Adjusted Earnings Per Share 55.7 58.2 76.3 111 76.9 19.4 43.6 110.3 118.8 149.7 173.6

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 29% 25% 16% 0%
Operating Profit CAGR 19% 25% 12% 0%
PAT CAGR 26% 51% 14% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 133% 42% 28% 29%
ROE Average 19% 19% 14% 17%
ROCE Average 18% 19% 15% 18%

Lumax Industries Balance Sheet

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 268 309 362 435 446 460 492 584 672 774
Minority's Interest 0 0 0 0 0 0 0 0 0 0
Borrowings 11 4 2 1 26 0 58 61 154 213
Other Non-Current Liabilities 51 63 53 115 152 101 112 151 257 238
Total Current Liabilities 529 535 847 711 745 836 884 1070 1519 1635
Total Liabilities 859 911 1265 1262 1370 1397 1546 1866 2601 2861
Fixed Assets 408 419 518 549 652 626 710 748 968 1105
Other Non-Current Assets 118 144 156 249 275 225 225 281 420 516
Total Current Assets 332 348 590 465 442 546 611 837 1214 1240
Total Assets 859 911 1265 1262 1370 1397 1546 1866 2601 2861

Lumax Industries Cash Flow

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 18 3 1 1 2 8 3 16 7 32
Cash Flow from Operating Activities 81 100 140 104 103 76 108 108 133 212
Cash Flow from Investing Activities -37 -62 -128 -97 -194 -31 -129 -90 -245 -293
Cash Flow from Financing Activities -59 -39 -11 -6 96 -51 34 -26 137 59
Net Cash Inflow / Outflow -15 -2 1 1 6 -5 13 -8 24 -22
Closing Cash & Cash Equivalent 3 1 1 2 8 3 16 7 32 9

Lumax Industries Ratios

# Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 55.66 58.17 76.34 111.04 76.91 19.42 43.57 110.27 118.77 149.67
CEPS(Rs) 80 102.44 127.55 175.53 144.89 88.43 111.68 195.77 218.09 270.87
DPS(Rs) 12 14.5 23 35 23.5 7 13.5 27 35 35
Book NAV/Share(Rs) 278.85 330.69 387.26 465.24 477.62 492.56 526.06 624.3 718.41 828.32
Core EBITDA Margin(%) 6.31 7.08 7.95 8.31 9.89 7.02 7.69 8.93 8.72 8.2
EBIT Margin(%) 3.89 5.33 6.24 8.13 7.13 4.37 4.24 7.69 7.84 7.34
Pre Tax Margin(%) 2.93 4.54 5.77 7.25 5.73 2.32 3 6.4 6.01 5.2
PAT Margin (%) 2.63 3.81 4.22 5.61 4.49 1.27 2.31 4.43 4.19 4.1
Cash Profit Margin (%) 5.33 6.72 7.05 8.86 8.46 5.8 5.93 7.86 7.69 7.41
ROA(%) 4.3 6.14 6.56 8.21 5.46 1.31 2.77 6.04 4.97 5.12
ROE(%) 14.15 19.09 21.27 26.05 16.31 4 8.55 19.17 17.69 19.35
ROCE(%) 14.06 19.27 24.32 28.94 17.05 8.16 9.22 19.66 18.6 17.82
Receivable days 47.12 47.63 54.95 53.15 44.92 49.85 46.52 42.18 45.04 43.26
Inventory Days 27.19 28.23 30.74 36.76 43.68 51.39 50.49 50.33 66.08 58.38
Payable days 147.01 158.9 162.55 141.43 144.64 146.54 145.51 130.37 138.94 136.5
PER(x) 7.54 23.91 28.55 16.38 11.12 82.57 20.32 16.07 20.22 16.86
Price/Book(x) 1.51 4.21 5.63 3.91 1.79 3.26 1.68 2.84 3.34 3.05
Dividend Yield(%) 2.86 1.04 1.06 1.92 2.75 0.44 1.52 1.52 1.46 1.39
EV/Net Sales(x) 0.41 1.09 1.3 0.99 0.67 1.26 0.67 0.88 1.06 0.92
EV/Core EBITDA(x) 5.58 13.02 15.29 11.1 6.52 14.34 7.91 9.12 11.53 10.79
Net Sales Growth(%) 0 1.25 29.78 12.25 -13.5 -10.96 22.81 32.45 13.67 28.97
EBIT Growth(%) 0 39.46 38.75 42.7 -24.14 -45.46 19.67 140.08 16.08 20.68
PAT Growth(%) 0 47.43 31.25 45.45 -30.73 -74.75 124.35 153.11 7.7 26.02
EPS Growth(%) 0 4.51 31.25 45.45 -30.73 -74.75 124.35 153.11 7.7 26.02
Debt/Equity(x) 0.49 0.3 0.29 0.32 0.71 0.65 0.74 0.65 0.89 1
Current Ratio(x) 0.63 0.65 0.7 0.65 0.59 0.65 0.69 0.78 0.8 0.76
Quick Ratio(x) 0.43 0.43 0.5 0.37 0.35 0.39 0.39 0.43 0.42 0.45
Interest Cover(x) 4.06 6.75 13.24 9.24 5.08 2.13 3.43 5.99 4.27 3.44
Total Debt/Mcap(x) 0.32 0.07 0.05 0.08 0.4 0.2 0.44 0.23 0.27 0.33

Lumax Industries Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Promoter 75 75 75 75 75 75 75 75 75 75
FII 1.15 1.12 1.09 1.17 1.18 0.92 0.97 1.18 1.14 1.38
DII 1.28 1.42 1.47 1.58 3.56 4.95 5.64 5.76 5.98 5.71
Public 22.57 22.46 22.44 22.25 20.26 19.14 18.4 18.06 17.88 17.9
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Lumax Industries News

Lumax Industries Pros & Cons

Pros

  • Debtor days have improved from 138.94 to 136.5days.

Cons

  • Stock is trading at 6.2 times its book value.
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